SEBI described further market oversight and trading-rule work at the CPAI convention in New Delhi on October 3. Whole-time member Kamlesh Varshney said a blueprint for a second surveillance system was nearly complete, according to Press Trust of India’s report carried by Fortune India. He said it would identify problematic listed entities for possible delisting, alongside efforts to identify unsuitable small public offerings.
In his separately published October 3 address, chairman Tuhin Kanta Pandey said SEBI was examining position limits for non-agricultural commodity contracts to improve market depth while retaining risk controls. The official speech also said consultations on a phased approach to physical settlement in some agricultural contracts were complete, with guidelines still to follow.
Pandey said concerns about derivatives’ expiry-day settlement prices were being examined after the introduction of the Closing Auction Session. These statements describe ongoing regulatory work; they do not announce that the reviewed rules have already changed or that any particular company has been ordered off an exchange.